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Day: April 13, 2016
April 132016
Dollar Broadly Stronger, Gains vs. Euro
EUR/USD slumped today as the dollar was broadly stronger during the current trading session. While the rise of crude oil and gains of global stocks were helping risky currencies earlier, now the sentiment has reversed. Traders considered the possibility that the good news can encourage the Federal Reserve to proceed with monetary tightening. Such view was beneficial to the greenback and detrimental to other currencies. The dollar managed to gain on the euro even though […]
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April 132016
US Dollar Stages Rally amid Positive Market Sentiment
The economists’ sentiment was positive lately due to the rally of global stocks, the rise of crude oil and the relatively positive trade balance report from China. Yet in a surprising twist, this was helping the US dollar, not hindering it. Usually, the US currency firms during times of troubles and softens when traders feel optimistic. But today the greenback was behaving in an opposite manner. The reasoning was that the good news would […]
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April 132016
Canadian Dollar Firms After BoC Meeting
The Bank of Canada left its interest rates unchanged during the Wednesday’s policy meeting. The decision made the Canadian dollar firmer, though it was unable to outperform its US rival. As was expected, the BoC left its key overnight rate at 0.5%, keeping other interest rates without change as well. The central bank mentioned in its statement the recent pickup of prices for crude oil and other commodities: Prices of oil and other […]
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April 132016
AUD Retreats vs. USD, Keeps Gains vs. EUR
The Australian dollar gained today due to the positive trade balance report from China. As of now, the currency has lost its gains versus the US dollar but continued to rally against the euro. China’s trade surplus surged to $29.86 billion in March from $3.08 billion a year ago. While imports decreased, the decline was not as big as economists had been afraid of. Initially, the good news helped currencies linked […]
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April 132016
Eurozone Production Drops, Bringing Euro Down
Euro is lower today, dropping following the report of the latest industrial production numbers. Some analysts have believed that the euro is overbought, especially against the US dollar, and this might be the beginning of a crash for the 19-nation currency. According to the latest data from Eurostat, February industrial production output fell 0.8 per cent, which is more than the expected decline of 0.7 per cent. This is the biggest […]
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